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TITLE 17
CHAPTER 5
Part 16

Montana Code Annotated 2023

TITLE 17. STATE FINANCE

CHAPTER 5. PUBLIC BOND ISSUES

Part 16. Municipal Finance Consolidation Act

17-5-1601 Short title
17-5-1602 Policy and purpose
17-5-1603 Liberal construction
17-5-1604 Definitions
17-5-1605 Board of investments to implement
17-5-1606 Bonds, bond anticipation notes, and notes of the board
17-5-1607 Participation voluntary
17-5-1608 Limitations on amounts
17-5-1609 Purchase of anticipation notes
17-5-1610 Refunding obligations
17-5-1611 Additional powers of the board
17-5-1612 Specific loan authorization
17-5-1613 through 17-5-1620 reserved
17-5-1621 Provisions of bond resolutions
17-5-1622 Validity of pledge
17-5-1623 Nonimpairment by state
17-5-1624 Trust indenture
17-5-1625 Presumption of validity
17-5-1626 Signatures of board members
17-5-1627 Negotiability of bonds or notes
17-5-1628 Bonds or notes as legal investments
17-5-1629 Tax exemption of bonds
17-5-1630 Reserve fund
17-5-1631 Additional funds and accounts
17-5-1632 through 17-5-1640 reserved
17-5-1641 Investment
17-5-1642 Credit of state not pledged
17-5-1643 Sale or exchange of securities
17-5-1644 Care and custody of bonds purchased by the board
17-5-1645 Insurance or guaranty
17-5-1646 Default in payment
17-5-1647 Powers and duties of trustee on default
17-5-1648 Exemption from execution and sale
17-5-1649 Annual audit
17-5-1650 Annual report
17-5-1651 Limitations on board's power

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